DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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HDFCLIFE looks to be making Ending diagonal in which it is expected go up in zig zag moves towards 750-850 levels. It's not yet confirm if its ending diagonal.
3rd wave ended near 1.618 level and 4th was sideways correction reaching 0.382 fibonacci levels.
Entry 650-620 Stop loss 555
Most likely 5th will get extended and move beyond 850 in medium to long term.
Previous analysis based on price action Inverse head and shoulders shared with target 950. Check below for previous analysis link
In my holding my analysis can be biased towards upside so do your own study before investing.
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
HDFCLIFE looks to be making Ending diagonal in which it is expected go up in zig zag moves towards 750-850 levels. It's not yet confirm if its ending diagonal.
3rd wave ended near 1.618 level and 4th was sideways correction reaching 0.382 fibonacci levels.
Entry 650-620 Stop loss 555
Most likely 5th will get extended and move beyond 850 in medium to long term.
Previous analysis based on price action Inverse head and shoulders shared with target 950. Check below for previous analysis link
In my holding my analysis can be biased towards upside so do your own study before investing.
